On 16 September 2022, armed individuals seeking their own deposits targeted at least eight banks across Lebanon. The targeted banks include two BLOM banks, Banque Libano-Française, Lebanon & Gulf Bank and Fransabank in the capital Beirut, as well as Bank Audi in Chiyah and Byblos bank in Ghazieh. In response to threats from the Lebanese Depositors Association to continue the armed incursions, the Lebanese Banks Association announced a three-day closure for all branches beginning on 19 September. Lebanese banks have been withholding customer deposits for the past two and a half years, as they no longer possess sufficient hard dollar currency to cover deposits.